Question

. Journalize the following transaction of Arun &co.,

Jan 2019

1 Arun started business by investing Rs. 5, 00, 000

2 Purchase building for Rs. 1, 00, 000

3 Purchased goods for cash Rs. 30, 000

4 Purchased goods from rajesh Rs. 2, 500

5 Paid rent Rs. 200

10 Sold goods for cash Rs. 25, 500

15 Sold goods for cash to avathar 2, 400

18 Sold goods to mahendra on credit Rs. 4, 650

25 Paid commission Rs. 120

28 Withdraw from bank for personal use Rs. 5, 000

30 Deposited into bank Rs. 8, 000​

Answer 1

Answer:

1)cash A/C DR. 500000

TO CAPITAL A/C 500000

2) building A/C DR. 100000

TO CASH A/C. 100000

3) PURCHASES A/C DR. 30000

TO CASH A/C. 30000

4) PURCHASES A/C DR. 2500

TO RAJESH A/C 2500

5) RENT A/C DR. 200

TO CASH A/C. 200

6) CASH A/C DR. 25500

TO SALE'S A/C. .25500